Carmike Cinemas, Inc., the country's fourth largest theater chain, said it would issue 4.5 million shares of its common stock as part of a plan to expand nationwide.

Carmike investors had the option of swapping each share for either $33.06 in cash or 1.0819 share of AMC. Holders of more than 23 million Carmike shares, equal to 91.1% of the total, took AMC stock.

Carmike Cinemas, Inc. is a U.S. leader in digital cinema, 3-D cinema deployments and alternative programming and is one of the nation's largest motion picture exhibitors.

Carmike Cinemas shareholders on Tuesday approved a plan to sell the company to AMC Entertainment for $1.2 billion, including debt, making the Chinese-owned theater chain the largest in the country.

AMC Theatres, which had previously agreed to acquire Carmike Cinemas for $1.1 billion, has sweetened its offer by 10% to $1.2 billion after Carmike shareholders opposed the low pricetag.

AMC Entertainment Holdings Inc. wants to acquire Carmike Cinemas Inc. for $1.2 billion. Daniel Acker Bloomberg AMC Theatres said today it has made its “best and final” offer to acquire Carmike ...